Valdez Notes: Orioles, Twins, Yankees

Framber Valdez came off the board last night on a three-year, $115MM deal (with deferrals) to pair with Tarik Skubal at the top of Detroit’s rotation. Reporting in the wake of that agreement shed some light on the lefty’s market before he committed to the Tigers.

The Orioles had been frequently connected to Valdez throughout the offseason. They’d certainly benefit from adding a top-of-the-rotation arm alongside Trevor Rogers and Kyle Bradish. Baltimore president of baseball operations Mike Elias has ties to Valdez from his days in the Houston front office. Andy Kostka of The Baltimore Banner and Jon Heyman of The New York Post each suggest that the O’s are still in the rotation market and remain engaged on Zac Gallen, who is arguably the best unsigned free agent.

Like Valdez, Gallen rejected a qualifying offer and is tied to draft compensation. Baltimore would forfeit their third-round pick (#82 overall) if they signed him. Chris Bassitt, Lucas Giolito, Justin Verlander and Max Scherzer are other possibilities if the O’s balk at Gallen’s asking price. None of those pitchers would require a draft penalty. The O’s have a projected luxury tax number of $189MM, as calculated by RosterResource. That’s about $10MM north of where they ended the ’25 season.

Although Baltimore was an obvious fit for Valdez, there were a couple more surprising entrants into the market as his free agency lingered. The Pirates reportedly made a push this week, while ESPN’s Jesse Rogers reports that the Twins were also involved. Minnesota also reportedly jumped into the mix on Freddy Peralta before the Brewers traded him to the Mets.

It’s not known if they were ever serious threats to land each pitcher or simply doing their diligence on available impact arms. A Valdez signing would have been a shock. Ownership has reduced spending. The team and president of baseball operations Derek Falvey parted ways just last week in a curiously timed decision. Minnesota scuttled any plans for a rebuild after onboarding a few minority investors to alleviate some of the franchise’s debts. At the same time, they’ve only made modest additions (most notably Victor Caratini, Josh Bell and Taylor Rogers) to a team that lost the second-most games in the American League and decimated the bullpen with a massive deadline sale.

There’s no indication that the Yankees were involved on Valdez at the end, but they apparently also had some amount of interest earlier in the winter. Jon Heyman of The New York Post writes that the Yanks reviewed the pitcher’s medicals but dropped a potential pursuit after they re-signed Cody Bellinger to a five-year, $162MM deal. That vaulted their competitive balance tax figure around $330MM, and a second splash for Valdez seemed out of their financial zone. The Yankees acquired talented but oft-injured lefty Ryan Weathers in a trade with Miami. Beyond that, it seems they’ll rely mostly on their internal arms to hold down the rotation until Carlos Rodón and Gerrit Cole return.